# Skyroam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyroam

- Industry: Consumer Products
- Headquarters: San Francisco, US
- Website: www.skyroam.com
- Total disclosed funding: $64M
- Latest round: Series C (Sep 24, 2019)
- Investors on record: 10

## About

Skyroam, Inc. is a provider of portable WiFi hotspot devices, delivering reliable internet connectivity globally, particularly for travelers and remote workers seeking seamless access to online services in multiple countries.Founded in 2008 in San Francisco, US, Skyroam, Inc. specializes in creating portable WiFi solutions. The company has successfully navigated the competitive landscape without any significant pivots or structural changes. Jing Liu, the founder and current CEO, has a history of innovation in technology. The company raised USD 20 mn in Series C funding on September 24, 2019, with participation from notable investors including GSR Ventures, JAFCO Asia, and others. The total amount raised to date stands at USD 20 mn.Skyroam, Inc. offers portable WiFi hotspot devices, notably the Solis Go and Solis 4G Lite, which provide reliable global internet connectivity. These devices can automatically switch between the best available 4G and 5G networks, enabling internet access in over 140 countries without requiring SIM cards. They cater to a wide range of users, including families, business travelers, and digital nomads, supporting multiple devices simultaneously and ensuring uninterrupted connectivity for various settings, from homes to remote travel locations. User feedback from regions such as North America and Europe underscores its effectiveness in countries including Canada, Portugal, and Spain.Revenue is primarily generated through the direct sale of portable WiFi devices and related data subscription plans. Customers can purchase devices outright and choose from various data plans, including the Lifetime Data plan, which offers a monthly global WiFi data allocation. The company also provides individual Global Day passes for short-term access, accommodating both casual travelers and frequent users, creating opportunities for ongoing revenue through recurring subscriptions and additional purchases.In September 2019, Skyroam raised USD 20 mn in Series C funding, co-led by new investors Mesh Ventures and Phi Zoyi Capital, with support from returning investors. The company plans to leverage this funding to enhance product development, focusing on upcoming devices tailored for specific market needs. Skyroam aims to expand its market presence in Asia and other emerging regions by the end of 2022, targeting increased availability of its services to meet growing demand for global connectivity solutions.

## Funding rounds

- Series C, Sep 24, 2019, $20M — GSR Ventures, Vickers Venture Partners, JIF Capital, Premier Ventures, LLC, Mesh Ventures, Phi Zoyi Capital
- Series C, Mar 6, 2018, $20M — GSR Ventures, CBC Capital, Vickers Venture Partners, JIF Capital, Delta Electronics Capital
- Series B, Jul 13, 2015, $24M — GSR Ventures, CBC Capital, Vickers Venture Partners, Nepoch Capital, Lenovo Group
- Series A, Aug 1, 2011 — GSR Ventures

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B, Series C
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series B, Series C
- Vickers Venture Partners (https://capitalatlas.ai/funds/vickers-venture-partners) — Series B, Series C
- Nepoch Capital (https://capitalatlas.ai/funds/nepoch-capital) — Series B
- Lenovo Group — Series B
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series C
- Delta Electronics Capital (https://capitalatlas.ai/funds/delta-electronics-capital) — Series C
- Premier Ventures, LLC — Series C
- Mesh Ventures (https://capitalatlas.ai/funds/mesh-ventures) — Series C
- Phi Zoyi Capital (https://capitalatlas.ai/funds/phi-zoyi-capital) — Series C